The Hain Celestial Group (NASDAQ:HAIN) Shares Gap Down After Analyst Downgrade

Posted by Defense World Staff on Sep 20th, 2023

The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Free Report) shares gapped down before the market opened on Tuesday after Mizuho lowered their price target on the stock from $12.00 to $11.00. The stock had previously closed at $9.63, but opened at $9.43. Mizuho currently has a neutral rating on the stock. The Hain Celestial Group shares last traded at $9.77, with a volume of 189,102 shares.

Other analysts have also recently issued reports about the company. Stifel Nicolaus lowered their price target on The Hain Celestial Group from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Thursday, September 14th. Evercore ISI lowered their price objective on shares of The Hain Celestial Group from $14.00 to $13.00 and set an “in-line” rating for the company in a research report on Monday, August 28th. JPMorgan Chase & Co. reduced their target price on The Hain Celestial Group from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, August 28th. Maxim Group restated a “buy” rating and issued a $30.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 14th. Finally, Piper Sandler lowered their target price on The Hain Celestial Group from $16.00 to $13.00 in a research note on Thursday, June 22nd. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group currently has an average rating of “Hold” and a consensus target price of $17.27.

Check Out Our Latest Research Report on The Hain Celestial Group

Insider Buying and Selling

In other The Hain Celestial Group news, CEO Wendy P. Davidson acquired 10,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the chief executive officer now directly owns 16,636 shares of the company’s stock, valued at $166,360. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Steven R. Golliher acquired 30,000 shares of the stock in a transaction on Friday, September 15th. The shares were purchased at an average price of $10.16 per share, for a total transaction of $304,800.00. Following the transaction, the insider now directly owns 36,274 shares of the company’s stock, valued at $368,543.84. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Wendy P. Davidson bought 10,000 shares of The Hain Celestial Group stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of $10.00 per share, with a total value of $100,000.00. Following the transaction, the chief executive officer now owns 16,636 shares of the company’s stock, valued at approximately $166,360. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Hain Celestial Group

Several institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. boosted its position in shares of The Hain Celestial Group by 4.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,772 shares of the company’s stock worth $327,000 after acquiring an additional 425 shares in the last quarter. PNC Financial Services Group Inc. grew its position in The Hain Celestial Group by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 8,763 shares of the company’s stock valued at $303,000 after acquiring an additional 443 shares during the last quarter. Lmcg Investments LLC lifted its holdings in shares of The Hain Celestial Group by 2.4% in the first quarter. Lmcg Investments LLC now owns 29,213 shares of the company’s stock worth $501,000 after acquiring an additional 677 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of The Hain Celestial Group by 2.7% in the 1st quarter. Arizona State Retirement System now owns 25,879 shares of the company’s stock valued at $444,000 after purchasing an additional 681 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in The Hain Celestial Group by 30.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,121 shares of the company’s stock worth $50,000 after purchasing an additional 721 shares in the last quarter. 89.11% of the stock is currently owned by institutional investors.

The Hain Celestial Group Stock Up 0.9 %

The company has a market capitalization of $869.65 million, a price-to-earnings ratio of -7.48 and a beta of 0.94. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.56 and a quick ratio of 1.22. The firm’s fifty day moving average price is $11.59 and its 200-day moving average price is $13.80.

The Hain Celestial Group (NASDAQ:HAIN – Get Free Report) last announced its earnings results on Thursday, August 24th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The Hain Celestial Group had a positive return on equity of 4.30% and a negative net margin of 6.49%. The firm had revenue of $447.80 million for the quarter, compared to the consensus estimate of $435.61 million. During the same period in the previous year, the business earned $0.08 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.45 earnings per share for the current fiscal year.

The Hain Celestial Group Company Profile

(Get Free Report)

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.